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Consumer interest in buying cars online is flourishing, and one credit union’s plan to capitalize on that trend is highlighting just how much the internet is changing the way credit unions operate in the digital era.

Earlier this month, Orlando, Florida-based Fairwinds Credit Union announced it now offers member financing to customers of Carvana, a Phoenix-based e-commerce company that buys and sells used cars online. Carvana allows customers to filter through its inventory online, inspect cars via 360-degree photos, complete purchases electronically and have cars delivered to their homes or made available for pickup at one of the company’s five “vending machine” sites around the country.  The company completed a $225 million IPO in April.

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Tina Orem

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